Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Agrify Corp shares valued at $229,472 were purchased by Kovler Benjamin on Nov 22 ’24. At $45.89 per share, Kovler Benjamin acquired 5,000 shares. The insider’s holdings grew to 15,000 shares worth approximately $0.82 million following the completion of this transaction.
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Also, Kovler Benjamin purchased 840 shares, netting a total of over 37,644 in proceeds. Following the buying of shares at $44.81 each, the insider now holds 420 shares.
Before that, Chang Raymond Nobu had added 1,842,104 shares to its account. In a trade valued at $700,000, the CEO and Chairman bought Agrify Corp shares for $0.38 each. Upon closing the transaction, the insider’s holdings increased to 1,842,104 shares, worth approximately $179.8 million.
As published in a research note from Craig Hallum on March 23, 2022, Agrify Corp [AGFY] has been rated down from a Buy to a Hold. Analysts at Alliance Global Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of July 23, 2021, Craig Hallum has initiated its “Buy” rating for AGFY. Earlier on March 01, 2021, Maxim Group initiated its rating. Their recommendation was “a Buy” for AGFY stock.
Analyzing AGFY Stock Performance
During the last five days, there has been a surge of approximately 40.74%. Over the course of the year, Agrify Corp shares have jumped approximately 189.59%. Shares of the company reached a 52-week high of $84.44 on 11/27/24 and a 52-week low of $2.71 on 10/11/24. A 50-day SMA is recorded $10.14, while a 200-day SMA reached $6.31. Nevertheless, trading volume fell to 0.7 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Agrify Corp (AGFY)
According to the 24-hour chart, there is a support level at 42.22, which, if violated, would cause prices to drop to 29.89. In the upper region, resistance lies at 75.66. The next price resistance is at 96.77. RSI (Relative Strength Index) is 79.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 26.96, which suggests the price will increase in the coming days. Percent R is at 37.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
